Yamana Gold (YRI) has notable insider buying

Yamana Gold (T:YRI)

Yamana Gold Inc. (YRI) has a high amount of executive buying compared to its large-cap peers over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $699,070.Yohann Bouchard, a Senior Officer, acquired 7,182 Common Shares on an indirect ownership basis for registered holder Manulife RRSP at a price of $4.970 through the public market on February 27th, 2020. This represents a $35,695 investment into the company's shares and an account share holdings change of 48.5%.

Peter Marrone, a Senior Officer and Director, acquired 125,000 Common Shares on an indirect ownership basis for registered holder Spouse at a price of $5.307 through the public market on March 2nd, 2020. This represents a $663,375 investment into the company's shares and an account share holdings change of 45.5%.

Yamana Gold Inc. is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company's segments include El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida mine in Chile; Jacobina mine in Brazil; Brio Gold Inc. (Brio Gold), and Corporate and other. The Company's development projects include Cerro Moro, Argentina; Agua Rica, Argentina, and Gualcamayo, Argentina. Its exploration projects include El Penon, Chile; Gualcamayo, Argentina; Minera Florida, Chile; Jacobina, Brazil; Cerro Moro, Argentina; Canadian Malartic Corporation, Canada; Monument Bay, Canada; Brio Gold Exploration; Pilar, Brazil; Fazenda Brasileiro, Brazil; RDM, Brazil, and C1 Santa Luz, Brazil.